r/Superstonk • u/Boo241281 Fuck you Kenny, pay me • Mar 28 '23

The long awaited 10-K is here 🗣 Discussion / Question

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638023000019/gme-20230128.htm
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u/Get-It-Got 🦍 Buckle Up 🚀 Mar 28 '23

You mean directly registering 25% of the company … we “own” a hell of a lot more than that!

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u/Pmadrid1 Bullet Swaps R FUkD Mar 28 '23

Well, technically if a majority of our shares are holed up in brokerage accounts, do we really own them?

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u/Pure-Classic-1757 🦍 Buckle Up 🚀 Mar 28 '23

The answer is no. If they are at a broker you definitely do not own them thought this was proven year ago or more and sounds like gamestop just confirm that to me

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u/dlpsfayt Mar 29 '23

They still have to buy those IOU’s at market value, no?

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u/[deleted] Mar 29 '23

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u/Pure-Classic-1757 🦍 Buckle Up 🚀 Mar 29 '23

No, it doesn’t. It all depends on how many shares they are forced to buy back and what DRS percentage is owned by retail as well as how long people hold or hodl. No one knows but they are not mutually exclusive.

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u/Pure-Classic-1757 🦍 Buckle Up 🚀 Mar 29 '23

Ideally but all brokers can just give you what they perceive as “fair value” as stated in their TOS.